Peterson Wealth Services Purchases Shares of 3,570 Powell Industries, Inc. (NASDAQ:POWL)

Peterson Wealth Services bought a new stake in shares of Powell Industries, Inc. (NASDAQ:POWL - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 3,570 shares of the industrial products company's stock, valued at approximately $608,000.

Several other large investors have also made changes to their positions in POWL. Versant Capital Management Inc bought a new position in shares of Powell Industries during the first quarter valued at approximately $25,000. GeoWealth Management LLC grew its stake in Powell Industries by 123.8% in the fourth quarter. GeoWealth Management LLC now owns 179 shares of the industrial products company's stock worth $40,000 after purchasing an additional 99 shares in the last quarter. Tucker Asset Management LLC bought a new position in Powell Industries in the fourth quarter worth approximately $43,000. Prestige Wealth Management Group LLC grew its stake in Powell Industries by 100.0% in the fourth quarter. Prestige Wealth Management Group LLC now owns 200 shares of the industrial products company's stock worth $44,000 after purchasing an additional 100 shares in the last quarter. Finally, Meeder Asset Management Inc. bought a new position in Powell Industries in the fourth quarter worth approximately $65,000. 89.77% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Powell Industries

In other news, EVP Michael William Metcalf sold 3,921 shares of the firm's stock in a transaction on Friday, June 27th. The shares were sold at an average price of $210.55, for a total value of $825,566.55. Following the transaction, the executive vice president owned 28,900 shares of the company's stock, valued at approximately $6,084,895. This trade represents a 11.95% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Brett Alan Cope sold 6,775 shares of Powell Industries stock in a transaction on Friday, June 27th. The stock was sold at an average price of $210.55, for a total transaction of $1,426,476.25. Following the sale, the chief executive officer directly owned 147,471 shares in the company, valued at $31,050,019.05. This trade represents a 4.39% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 17,308 shares of company stock valued at $3,574,755 over the last quarter. 2.20% of the stock is currently owned by insiders.

Powell Industries Stock Down 3.2%

POWL traded down $7.34 during trading on Monday, reaching $220.91. The company's stock had a trading volume of 327,028 shares, compared to its average volume of 415,482. The firm has a fifty day simple moving average of $193.18 and a two-hundred day simple moving average of $196.83. Powell Industries, Inc. has a 1 year low of $127.41 and a 1 year high of $364.98. The company has a market cap of $2.67 billion, a price-to-earnings ratio of 16.04, a PEG ratio of 1.15 and a beta of 0.77.

Powell Industries (NASDAQ:POWL - Get Free Report) last released its quarterly earnings data on Tuesday, May 6th. The industrial products company reported $3.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.34 by $0.47. Powell Industries had a net margin of 16.00% and a return on equity of 35.43%. The business had revenue of $278.63 million during the quarter, compared to analysts' expectations of $282.68 million. During the same period in the previous year, the company earned $2.75 EPS. The company's revenue for the quarter was up 9.2% on a year-over-year basis. As a group, equities analysts forecast that Powell Industries, Inc. will post 13.71 EPS for the current fiscal year.

Powell Industries Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 18th. Shareholders of record on Wednesday, May 21st were paid a $0.2675 dividend. The ex-dividend date of this dividend was Wednesday, May 21st. This represents a $1.07 annualized dividend and a yield of 0.48%. Powell Industries's payout ratio is currently 7.52%.

Powell Industries Profile

Powell Industries, Inc, together with its subsidiaries, designs, develops, manufactures, sells, and services custom-engineered equipment and systems. The company's principal products include integrated power control room substations, custom-engineered modules, electrical houses, medium-voltage circuit breakers, monitoring and control communications systems, motor control centers, switches, and bus duct systems, as well as traditional and arc-resistant distribution switchgears and control gears.